Domestic air passenger traffic to expand 8-13% each in FY24 & FY25: ICRA
The aviation industry is estimated to report a similar net loss of ₹3,000-5,000 crore in FY25 as well, says ICRA
The aviation industry is estimated to report a similar net loss of ₹3,000-5,000 crore in FY25 as well, says ICRA
The domestic air traffic between the January to October period stood at 1254.98 lakhs, up 26.98% year-on-year as against the corresponding period of the previous year, says DGCA.
Delays of more than two hours and flight cancellations affected 30,962 passengers travelling via Air India
On an MoM basis, total 114.07 lakh passengers were carried by domestic airlines compared to 89.85 lakh in the same month last year, shows DGCA data.
International traffic for Indian carriers surpasses pre-Covid levels by 34%. ICRA’s negative outlook on the Indian aviation industry continues.
Signalling a slight recovery, domestic airlines carried 1.06 crore passengers in March, versus 78.22 lakh in February, recording a 36.7% growth on a month-on-month basis.
As an impact of Covid-19, CAPA India says domestic traffic will drop to 80 million-90 million and international traffic to 35 million-40 million in FY21.
Improved regional connectivity boosted by the government’s UDAN scheme behind the growth.